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OBFR Dips Back A Tenth, EFFR Unchanged


New York Fed EFFR for prior session (rate, chg from prev day):

* Daily Effective Fed Funds Rate: 5.33%, no change, volume: $100B

* Daily Overnight Bank Funding Rate: 5.31%, -0.01%, volume: $248B

The OBFR reverses its prior 1bp increase, having fluctuated between 5.31% and 5.32% through August. EFFR unchanged at 5.33%.

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